The hype on Initial Coin Offering (ICO) began in 2017 with 875 projects, which has been the biggest leap in history coming from only 29 projects in 2016. The trend continued in 2018 with an impressive record of 1,273 projects. To date, the numbers of ICO projects are quite shocking at 5,683, of which 2,318 were cryptocurrencies. But what’s even shocking is the fact that out of more than 2,000 of these crypto ICOs, the dead projects are somewhere between over 1,400 to 1,800, according to experts.
So, what are dead projects?
In a nutshell, ICO projects are considered dead for the following reasons: their websites are dead, they have low trading volume of below $1,000 for over three months, they do not have any active social media platforms or lack of updates, no nodes, they have wallet issues, developers leave the project, they are known scams, or they have been completely abandoned.
This is why Virie Market will never be a dead project. Aside from the fact that it is a project that already has a finished product, way before they launch their ICO, which by the way, will be coming very soon, it also does not meet any of the above-mentioned characteristics of dead projects. Let’s confirm this below.
Website - Virie market has a live website. Click here to see it for yourself. It even has a white paper, which is one of the indications of a legit project, and in fact, can also be accessed on the same website. It has a live platform that you can download anytime because its source code is open to all. It is worth mentioning that it has the most user-friendly interface in the market today that even first-time investors will find it so easy and pleasurable to work with.
Trading volume – Quite surprisingly, Virie Market has not even launched its ICO yet, but the current trading volume already looks promising, given the fact that Virie Market is not just a cryptocurrency project. It is a virtual market place that doesn’t use the market. It is the market in itself where everything is tradeable for anything of value anywhere in the world, including its native coins VRE, goods, and even services. That said, you can just imagine how much its trading volume is. Download it now to prove it yourself.
Overall, Virie Market is very much a live project without any indication of becoming dead. There are no wallet issues. Its source code is open to all, indicating that it is not a scam at all. Its developers are very much active in the project. In fact, the funds that will be collected from the ICO will not only be used in its worldwide promotion but for further developments of the project too. All these go without saying that Virie Market is never going to be an abandoned project, nor dead.